4302 W McDowell Rd - Storefront Retail/Office FOR SALE


Phoenix, AZ 85035
$3,200,000 USD
858-922-2612
4302 W McDowell Rd, Phoenix, AZ for Sale
$3,200,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 5.91% Cap Rate

4302 W McDowell Rd
Phoenix, AZ 85035


HIGHLIGHTS

  • Located at a signalized intersection, offering high visibility and accessibility

OVERVIEW

PLS Financial Services Inc. is one of the largest providers of alternate financial services to unbanked and underbanked customers. Headquartered in Chicago, Illinois they operate primarily in urban and densely populated markets, with over 200 locations in 12 states. The company offers a variety of financial services, including check cashing, money orders, bill payment, motor vehicle services and money transfer. The subject property is a passive single tenant, net lease investment on a very prominent hard corner in Metro Phoenix, Arizona, offering excellent visibility and access. The property sits on .40 acres and consists of a single story freestanding building totaling approximately 2400 square feet with 21 parking spaces. The intersection of N 43rd St. and West McDowell sees over 66,500 cars per day. The intersection of N 43rd and Interstate Freeway 10 is located less than a quarter of a mile south of the property and enjoys over 295,000 AADT’s. PLS has been operating at this location since July 2020, and exhibiting the strength of the market at this location, they operate 24 hours a day, seven days a week to serve their clients here. There are 10% adjustments to the rent every five years. Additionally, there are four five-year options with the same 10% rental increases at the beginning of each option. These structured increases in rent provide the potential investor with an inflation hedge, together with the prospect for long-term stable cash flow from the asset.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$1,333 USD /SF

CAP RATE

5.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bank, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C-1, Phoenix

APN/PARCEL ID

103-21-278

ASK ABOUT THIS PROPERTY

Pat BonaguidiRancho DevelopmentMore Info
858-922-2612

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Pat BonaguidiRancho DevelopmentMore Info
858-922-2612

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.